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q <br /> 21 <br /> SECTION VIII <br /> PERFORMANCE BOND TO <br /> GUARANTEE IMPROVEMENTS j <br /> Before approval of a Definitive Plan of a subdivision, the <br /> Board may require that a bond be filed by the subdivider in <br /> an amount determined by the Board to be sufficient to cover <br /> 4' the cost of the improvement specified below, and approved as <br /> to form and sureties by the Town Treasurer, conditioned on <br /> the satisfactory completion of such improvements within !� <br /> such period of time, if any, as the Board may specify in the <br /> bond. <br /> it <br /> A total or partial release from the bond referred to in ;I <br /> the previous paragraph may be obtained when the required <br /> improvements are complete, in whole or in part, as provided <br /> by Chapter 41, Section 81U and as set forth in the bond. <br /> In the event that the developer fails to p perform satis- <br /> factorily the requirements set forth in the bond within the <br /> specified period of time,if any, the then outstanding principal <br /> amount (penal sum) of the bond shall be payable to the town <br /> as provided by law, to the extent of the reasonable cost to the <br /> town of the completion of the improvements required under <br /> the bond. In such case, the approval by the Board of the } <br /> Definitive Plan of the subdivision may be rescinded. <br /> SECTION IX <br /> I <br /> VARIATIONS 1 <br /> A variation of the requirements of these regulations may <br /> F;f <br /> be permitted when, in the opinion of the Board, topography i <br /> or other consideration necessitate such variation. <br /> I <br /> SECTION X <br /> VALIDITY AND REFERENCE <br /> I i• <br /> The invalidity of any section or provision of these by-laws <br /> shall not invalidate any other section or provision thereof. <br /> For matters not coveredby these Rules and Regulations, <br /> r <br /> reference is made to Section 81K to 81GG, inclusive of Chap- <br /> ter 41 of the General Laws. <br />